The Next Contract Format

Innovation is everywhere. In fact we hear about it so often that at this point it’s almost become a cliché. We’re all a little tired of hearing the marketing buzz, but we can’t ignore that the world is changing underneath our feet, faster than we can keep up.

Consider payments, for instance. The way we pay for things today is vastly different than it was just 5–10 years ago. In China, people pay for groceries using their palms, while street vendors and musicians rely on QR codes and cryptocurrency addresses. Remarkably, two entire nations have embraced cryptocurrency as their legal tender. We now have the ability to send and receive money globally, instantly and anonymously. Even central banks, albeit slowly, are beginning to explore this trend. It’s nothing short of astonishing. We stand on the brink of forgetting what paper or coin money ever was.

And that’s the thing — conservative industries are experiencing seismic shifts. Technology is no longer just a tool; it’s becoming the very foundation upon which entire processes and industries function. Even in areas like law and contracts, where change tends to come slowly, we’re seeing a revolution.

The digital age has ushered in a new era where legal services are more readily available to a wider range of individuals and businesses.

The Role of Contracts in a Changing World

Contracts, much like money, form the backbone of modern business. Every transaction, from hiring new staff to signing multi-million-dollar property deals, flows through the framework of contracts. But for many businesses, contracts are often overlooked as soon as they’re signed and filed away in a cloud drive or archive, rarely touched again unless a problem arises.

Think about it: you have entire departments — legal, procurement, project management, operations — all dedicated to managing contracts. Yet, once those contracts are signed, they often disappear into SharePoint or Google Drive, never to be seen again unless something goes wrong. We’ve essentially created archives of contracts that exist only as “just in case” documents, gathering digital dust.So, why do we relegate these valuable contracts to obscurity in SharePoint or Drive? We label them as “archived,” reserved solely for emergencies.

What If Contracts Could Do More?

Now, imagine if those contracts didn’t just sit around waiting for trouble. What if they worked for you? What if you could automate your contract templates with programmable clauses that go beyond signing? Imagine contracts that automate document collection, compliance tracking, invoicing, and reporting — all the tasks that typically require hours of manual labor.

This is where programmatic contracts come in. These self-executing contracts automate many of the most tedious and error-prone processes, saving businesses time and money.

“Poor contract management costs companies globally an average of 9% of their total annual turnover.” — International Association for Contract and Commercial Management (IACCM)

The Impact of Automation

Consider what your team could achieve if they weren’t buried under piles of email threads or stuck in back-to-back meetings. What could they do with all that time? In today’s “Year of Efficiency,” many companies are rethinking their approach to work. One of the biggest obstacles they face is excessive overhead — departments bogged down by inefficiencies, cumbersome processes, and delayed timelines.

That’s where programmatic contracts come in. These contracts live inside an automation platform that learns from your business, adapting to its unique needs. By implementing programmatic contracts, we estimate that companies can reduce resource expenditure by up to 40% — and we’re only scratching the surface of what’s possible.

To remain lean, we must address the elephant in the room — excessive overhead, inefficiencies scattered across departments, cumbersome processes, and delayed timelines.

A New Era of Contracts

Our mission is simple: to make contract execution fast, cost-effective, and better. Programmatic contracts don’t just simplify signing and drafting — they revolutionise the way contracts work after they’re signed. These contracts continue to operate in the background, tracking deadlines, managing payments, and ensuring compliance without human intervention.

Imagine what your business could achieve if your contracts could handle themselves, freeing up time and resources to focus on growth and innovation. In a world where efficiency and automation are key, programmatic contracts are more than just a convenience — they’re a competitive advantage.